TIRANA, Oct 31 /ATA/ – The 2024 state budget bill projects a total of 735 billion lek in public public expenditures during the next year, the Minister of Finance and Economy Ervin Mete said on Tuesday.
Addressing a parliamentary deliberation meeting on changes to the 2023 state budget, the Finance Minister noted that this is the first time when public expenditures amount to over 700 billion lek.
Mete underlined that one third or around 34% of the state budget is allocated for the social protection components, pension funds, unemployment payment, social assistance, financial compensation for the former politically persecuted people and expropriated land owners, the baby bonus etc.
Albanian government approved the 2024 state budget bill last week. In a press statement after the government meeting on Friday, Finance Minister said that the proposed state budget focuses on the country’s economic development, job creation and social protection, aiming also to maintain proper balance of the fiscal and macroeconomic stability.
Mete also said that the Ministry of Finance expects Albanian economy to grow by 3.8% next year.
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